SSI Investment Management LLC Buys 5,283 Shares of iShares Convertible Bond ETF (BATS:ICVT)

SSI Investment Management LLC boosted its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,358 shares of the company’s stock after purchasing an additional 5,283 shares during the quarter. SSI Investment Management LLC owned about 0.34% of iShares Convertible Bond ETF worth $6,913,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. New York Life Investment Management LLC boosted its stake in iShares Convertible Bond ETF by 3.1% during the 4th quarter. New York Life Investment Management LLC now owns 492,630 shares of the company’s stock valued at $41,859,000 after purchasing an additional 14,762 shares during the period. Greenleaf Trust boosted its stake in iShares Convertible Bond ETF by 2.7% during the 4th quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock valued at $36,572,000 after purchasing an additional 11,363 shares during the period. Lebenthal Global Advisors LLC boosted its stake in iShares Convertible Bond ETF by 83.6% during the 4th quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock valued at $35,540,000 after purchasing an additional 190,400 shares during the period. Ocean Park Asset Management LLC boosted its stake in iShares Convertible Bond ETF by 32.8% during the 4th quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock valued at $30,309,000 after purchasing an additional 88,100 shares during the period. Finally, Howard Capital Management Inc. boosted its stake in iShares Convertible Bond ETF by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 337,900 shares of the company’s stock valued at $28,711,000 after purchasing an additional 16,800 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT opened at $85.05 on Tuesday. The business has a 50 day moving average price of $86.61 and a 200 day moving average price of $85.57. iShares Convertible Bond ETF has a twelve month low of $75.97 and a twelve month high of $89.71.

iShares Convertible Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1466 dividend. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, March 3rd.

About iShares Convertible Bond ETF

The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles.